Monday, June 09, 2008

"Take the fear/panic to lose all of my account in a sharp spike against my position. That fear is unfounded usually, but trading highly volatile futures means that my stops often are farther away than I feel comfortable with.Still it was a conscious decision to trade that way, because I like to have a high percentage number of winners, which pay for the few losers, which from time to time hit my stop.In the past, when something like this was about to happen I moved my stop, I added to the losing trade at the dumbest possible times, I did everything not to acknowledge the losing trade.

My first approach to solve the issue was to trade with small stops........."